The Power Of Document Automation Comes To M&A With Drewdocs

In the endless quest to save time and increase efficiency in legal practice, automation has taken the legal world by storm in recent years. The automation of certain routine tasks has revolutionized the way we perform basic legal functions that used to be manual, tedious, and prone to human error. 

Some of the greatest strides in legal automation have recently come in the area of document automation. Document automation tools have reduced one of the most time-consuming tasks in the practice of law to a quick exercise that is not only faster, but produces better, more accurate results in the process. Initially, we most often saw these solutions aimed at routine contracts and forms that lawyers recreate on a regular basis, or in areas of law where we see high client demands for self-service.

Now, though, drewdocs has changed the game by bringing that same advanced document automation technology to the field of M&A. With drewdocs’ intuitive questionnaire that guides you through the basics of creating critical M&A documents, an M&A agreement that used to take nearly 20 hours to prepare can now be completed in under an hour, no matter how complex it is.

Drewdocs empowers you to create bespoke Merger, Equity Purchase, and Asset Purchase Agreements quickly and without the antiquated processes that require reinventing the wheel each time.

How it Works

With drewdocs, there’s no more cobbling together your documents from forms or past agreements. There’s also no complicated interface to navigate. The main landing page for the desktop product previews all the areas you’ll cover for your agreement and lets you get started with just a click.

When you click “Save & Continue,” you’re taken directly into your document builder, where you start working through the questionnaire to draft your bespoke agreement. The process starts by selecting the kind of agreement you want to prepare and entering the basic underlying deal information.

The questionnaire will then lead you through each of the topics listed on the left, including the deal structure, the parties involved, the consideration for the deal, reps and warranties, covenants, indemnification provisions, closing conditions, and more. As you work your way through the questionnaire, you have the option of doing the entire agreement all at once (clicking “Save & Continue” at the bottom of each page) or saving your progress where you are and coming back to finish later.

You can also jump around to the different parts of your agreement at any time by clicking on the tabs at the left. For example, if you want to review the various reps and warranties you can include in your agreement, just click on either “Target Reps & Warranties” or “Acquirer Reps & Warranties” and you’ll see long lists of possible agreement items to include, according to your preferences. With drewdocs, you’re not limited to just basic agreements — the extensive questionnaires allow for an impressive level of complexity when creating Merger, Equity Purchase, and Asset Purchase Agreements.

As you navigate through the specific sections, drewdocs visually keeps track of your progress for you. Sections you have completed appear in the left column with a green checkmark next to them. If you’ve visited a section but haven’t completed all the information, the checkmark is gray.

This is a simple yet effective way to know that you’ve covered all your bases and to keep track of your progress on your documents.

The final step in the preparation process is choosing the boilerplate terms you want to include, like closing location, venue, governing law, and more. Once you’re done, just click “Save & Close” and drewdocs will generate a Word document of your agreement in a matter of seconds (yes, it really is that fast).

You get a link to your agreement and an immediate download, plus a link to go back and edit your questionnaire if you need to. The generated Word document includes information and directions for finalizing your agreement on the front page.

Drafting complex M&A agreements really couldn’t be easier. With less than an hour of inputting information, I generated a complex, 40+ page Equity Purchase Agreement. That should remove any doubt about just how much time you can save with document automation.

M&A Made Easy

Drewdocs is a powerful tool to add to any M&A practitioner’s arsenal. The true beauty of the program, though, is its simplicity. With some legal tech tools these days, and document automation programs are no exception, companies have added so many features, bells, and whistles that it’s easy to go astray and get lost on your way to your final product. 

Often the best products are not about endless functionality, but instead about offering an easy, user-friendly experience. In that category, drewdocs is a clear winner. They’ve managed to bring seamless document automation to a highly complex area of law, saving countless hours of manual work in the process. The next time you need to draft an M&A agreement, give drewdocs a try, and you’ll see just how big of a game changer document automation can be.